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RE: The distribution-monetary rewards tradeoff and a proposal to accelerate the disruption of incumbent social networks

in #steemit8 years ago (edited)

It's the philosophy of pragmatism. :)

I really just think this design would effectively be an exploit that would consolidate value and rewards to a select few, which already happens on Steem for other reasons. And I am personally more interested in Steem being its own thing and seeing where the incentives evolve us.

Also in general, the bigger and more inclusive Steem, the better imo, so I'd rather everyone have a stake and see rewards.

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The idea wouldn't be to take away rewards from people that don't have big followings elsewhere and I don't think that would happen --there'd still be plenty of opportunities for good content creators who don't have followings elsewhere to rise to the top. The tradeoff for those people is different though; less distribution elsewhere means a lower break-even point to use Steemit (and lower rewards necessary to keep them as a result).

The idea is just to incentivize different types of users differently -- I think Steemit has done a great job so far aligning incentives but always room for improvement (if goal is to make this thing as big as possible).

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